Economics of Climate Change Under Uncertainty : Benefits of Flexibility
The selection of climate policy has to be made in an extremely uncertain environment: both benefits and costs of a particular climate policy are unknown and in the best case Could be described by the probability distribution of various outcomes. Dominated in literature, the expected value approach t...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | EN |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/10986/5166 |